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The fine was the largest that US district judge James Peterson could have levied. He also placed Sinovel on probation for a year.

A jury had convicted Sinovel in January of conspiracy, trade-secret theft and wire fraud in stealing the proprietary technology from AMSC to use in its own turbines in China. The trial lasted for 11 days.

"The devastation [that] Sinovel's illegal actions caused to AMSC and its employees will not be tolerated," said Scott Blader, US attorney for the western district of Wisconsin.

The theft was instrumental in Massachusetts-based AMSC losing more than $1 billion in shareholder equity and almost 700 jobs.

In early July, Sinovel and AMSC had announced a settlement under which Sinoval would pay $57.5 million to AMSC in two installments.

At one point, the American company had been seeking damages and lost shipment payments of $1.5 billion.

President Donald Trump, who has imposed harsh tariffs on some $34 billion of Chinese imports, has often claimed that Chinese companies steal American intellectual property.

He cited the theft of trade secrets as one reason for the ongoing US-China trade war.